The Central Bank of the Republic of Turkey (CBRT) announced the Economic Tendency Statistics and Real Sector Confidence Index for March. The results of the Business Tendency Survey were evaluated by weighting and aggregating the answers of 1727 workplaces operating in the manufacturing industry.
Accordingly, RKGE increased by 2.8 points to 105.2 in March compared to the previous month. In the same period, the seasonally adjusted real sector confidence index (RKGE-MA) increased by 1.7 points to 104.1.
When the diffusion indices of the survey questions that make up the index are examined, it is seen that the general trend, the export order amount in the next three months, the production volume in the next three months, the current total order amount, the fixed capital investment expenditure and the evaluations of the current finished goods stock are in the direction of increase, and the total employment in the next three months. and the evaluations regarding the total order quantity in the last three months affected the index in a downward direction.
In the evaluations for the last three months, the trend in favor of those reporting a decrease in their production volume, domestic market order quantity and export order quantity has strengthened compared to the previous month.
The evaluations that the current total orders are below the seasonal normals and the evaluations that the current finished goods stocks are above the seasonal normals weakened compared to the previous month.
In the evaluations for the next three months, the trend in favor of those expecting an increase in production volume, domestic market order quantity and export order volume has strengthened compared to the previous month. While the expectations for an increase in fixed capital investment expenditures in the next twelve months strengthened compared to the previous month, the expectations for an increase in employment in the next three months weakened compared to the previous month.
PPI expectation fell to 70.4 percent
The trend in favor of those who expect an increase in average unit costs in the next three months and those who report an increase in the last three months, and the expectations for an increase in the sales price in the next three months have also weakened.
As of the end of the next twelve months, the annual PPI expectation decreased by 4.4 points compared to the previous month and became 70.4 percent.
While the rate of those who stated that they were more optimistic about the general course of their industry compared to the previous month increased to 9.5 percent, the rate of those who stated that they remained the same decreased to 75.4 percent, and the rate of those who stated that they were more pessimistic decreased to 15.1 percent.
